Technical View of Bank Nifty & CNX IT, 16 November 2017

Bank Nifty Intraday levels

Today, 25150 is crucial for Intraday.

If Bank Nifty sustains below 25150 then it could test 25100 and below that level it could test 25050.

Instead, if Bank Nifty trades above 25150 then it could test 25450.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 November 2017

Reliance

Today, 895 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 895 is crucial for short term. Positional long trades can be initiated above 895 for a target of 910. Trade short below 895 for a target of 880.